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Cash and cash equivalents and Investments. Additional information on the consolidated statements of cash flows (Tables) | 12 Months Ended
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Dec. 31, 2017
Cash and cash equivalents and Investments. Additional information on the consolidated statements of cash flows |
Schedule of cash and cash equivalents and investments |
|  | As of December 31, |
Cash and cash equivalents |  | 2017 |  | 2016 |
Cash |  | 52 |  | 56 |
Banks |  | 1,312 |  | 878 |
Time deposits |  | 105 |  | 898 |
Government bonds at amortized cost |  | - |  | 604 |
Other short-term investments |  | 99 |  | 1,509 |
Lebacs at fair value |  | 1,263 |  | - |
Total cash and cash equivalents |  | 2,831 |  | 3,945 |
Investments |  |  |  |  |
Current investments |  |  |  |  |
Government bonds at fair value |  | 371 |  | 1,456 |
Government bonds at fair value – dollar linked |  | 293 |  | - |
Government bonds at amortized cost in foreign currency |  | 149 |  | 3 |
Provincial government and Municipal bonds at amortized cost – dollar linked |  | 30 |  | 13 |
Provincial government and Municipal bonds at amortized cost in foreign currency |  | 33 |  | - |
Provincial government and Municipal bonds at amortized cost |  | 8 |  | 9 |
Other short-term investments |  | 2,433 |  | 270 |
Lebacs at fair value |  | 109 |  | - |
Total current investments |  | 3,426 |  | 1,751 |
Non-current investments |  |  |  |  |
Government bonds at amortized cost in foreign currency |  | 2,228 |  | 255 |
Provincial government and Municipal bonds at amortized cost – dollar linked |  | 42 |  | 61 |
Provincial government and Municipal bonds at amortized cost |  | - |  | 8 |
Provincial government and Municipal bonds at amortized cost in foreign currency |  | 386 |  | - |
Tuves Paraguay S.A. shares purchase option |  | - |  | 22 |
2003 Telecommunications Fund |  | 1 |  | 1 |
Total non-current investments |  | 2,657 |  | 347 |
Schedule of additional information of net cash flow provided by operating activities |
|  | Years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Collections |  |  |  |  |  |  |
Collections from customers |  | 71,113 |  | 55,928 |  | 41,930 |
Interests from customers |  | 762 |  | 366 |  | 182 |
Interests from investments |  | 670 |  | 59 |  | 190 |
Mobile operators collections |  | 1,282 |  | 885 |  | 843 |
Subtotal |  | 73,827 |  | 57,238 |  | 43,145 |
Payments |  |  |  |  |  |  |
For the acquisition of goods and services and others |  | (19,557) |  | (17,120) |  | (12,784) |
For the acquisition of inventories |  | (5,520) |  | (5,383) |  | (6,343) |
Salaries and social security payables and severance payments |  | (11,669) |  | (9,113) |  | (6,885) |
CPP payments |  | (1,132) |  | (393) |  | (413) |
Income taxes (include tax returns and payments in advance) |  | (2,400) |  | (1,700) |  | (1,631) |
Other taxes and taxes and fees with the Regulatory Authority |  | (13,399) |  | (10,731) |  | (7,775) |
Foreign currency exchange differences related to the payments to suppliers |  | (818) |  | (1,433) |  | (502) |
Inventory suppliers |  | (269) |  | (295) |  | (182) |
PP&E suppliers |  | (425) |  | (1,467) |  | (188) |
Other suppliers |  | (119) |  | (144) |  | (31) |
NDF |  | (5) |  | 473 |  | (101) |
Subtotal |  | (54,495) |  | (45,873) |  | (36,333) |
Net cash flow provided by operating activities |  | 19,332 |  | 11,365 |  | 6,812 |
Schedule of changes in assets/liabilities components |
|  | Years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Net decrease (increase) in assets |  |  |  |  |  |  |
Trade receivables |  | (2,072) |  | (2,773) |  | (2,364) |
Other receivables |  | (902) |  | 276 |  | (754) |
Inventories |  | (618) |  | 837 |  | (1,522) |
|  | (3,592) |  | (1,660) |  | (4,640) |
Net increase (decrease) in liabilities |  |  |  |  |  |  |
Trade payables |  | 1,067 |  | (1,391) |  | 1,368 |
Deferred revenues |  | 51 |  | (58) |  | (48) |
Salaries and social security payables |  | 513 |  | 369 |  | 221 |
Other taxes payables |  | 982 |  | 13 |  | 483 |
Other liabilities |  | 68 |  | 62 |  | 29 |
Provisions (Note 17) |  | (360) |  | (174) |  | (163) |
|  | 2,321 |  | (1,179) |  | 1,890 |
Schedule of main non-cash operating transactions |
|  | Years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Offsetting of capitalized trade receivables of Tuves Paraguay acquisition |  | 149 |  | - |  | - |
Offsetting of tax on personal property – on behalf of Shareholders |  | - |  | 8 |  | 15 |
Income tax offset with VAT and internal taxes |  | - |  | - |  | 50 |
Offsetting of other receivables with regulatory provisions |  | 1 |  | 27 |  | - |
VAT offset with income tax payments |  | - |  | 54 |  | - |
SAC acquisitions offset with trade receivables |  | 313 |  | 305 |  | 212 |
Other receivables of PP&E sales offset with trade payables |  | - |  | 25 |  | - |
Schedule of most significant investing activities | Fixed assets acquisitions include:
|  | Years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
CAPEX (Note 8) |  | (9,905) |  | (9,632) |  | (6,396) |
Acquisition of Materials (net transfers to CAPEX, Note 8) |  | (1,433) |  | (474) |  | (1,062) |
Subtotal |  | (11,338) |  | (10,106) |  | (7,458) |
Plus: |  |  |  |  |  |  |
Payments of trade payables originated in prior years acquisitions |  | (3,342) |  | (4,832) |  | (1,367) |
Less: |  |  |  |  |  |  |
Acquisition of fixed assets through incurrence of trade payables |  | 3,862 |  | 5,298 |  | 3,592 |
Assets retirement obligations |  | 35 |  | 45 |  | 53 |
Mobile handsets lent to customers at no cost (i) |  | 56 |  | 54 |  | 32 |
|  | (10,727) |  | (9,541) |  | (5,148) |
| (i) |  | Under certain circumstances, Personal and Núcleo lend handsets to customers at no cost pursuant to term agreements. Handsets remain the property of the companies and customers are generally obligated to return them at the end of the respective agreements.
Intangible assets acquisitions include:
|  | Years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Acquisition of licenses 3G and 4G |  | - |  | - |  | (2,256) |
Other intangible assets acquisitions (Note 9) |  | (1,238) |  | (1,754) |  | (1,448) |
Plus: |  |  |  |  |  |  |
Payments of trade payables originated in prior years acquisitions |  | (93) |  | (201) |  | (116) |
SAC acquisition offset with trade receivables |  | (313) |  | (305) |  | (212) |
Less: |  |  |  |  |  |  |
Acquisition of intangible assets through incurrence of trade payables |  | 673 |  | 462 |  | 466 |
|  | (971) |  | (1,798) |  | (1,310) |
The following table presents the cash flows from purchases, sales and maturities of securities which were not considered cash equivalents in the statement of cash flows:
|  | Years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Government bonds acquisition |  | (3,002) |  | (971) |  | (1,049) |
Sales of Government bonds |  | 1,986 |  | 1,051 |  | - |
Government bonds collection |  | 276 |  | 165 |  | 45 |
Other short-term investments and time deposits |  | (2,063) |  | (265) |  | - |
Sales of Other short-term investments |  | 176 |  | - |  | - |
Argentine companies notes collection |  | - |  | - |  | 28 |
|  | (2,627) |  | (20) |  | (976) |
Schedule of financing activities components |
|  | Years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Bank overdrafts |  | - |  | 1,344 |  | 3,150 |
Notes |  | - |  | 1,869 |  | 716 |
Bank loans |  | 1 ,730 |  | 6,124 |  | 435 |
Total financial debt proceeds |  | 1,730 |  | 9,337 |  | 4,301 |
Bank overdrafts |  | (1,572) |  | (2,793) |  | - |
Notes |  | (566) |  | - |  | - |
Bank loans |  | (848) |  | (143) |  | (31) |
Total payment of debt |  | (2,986) |  | (2,936) |  | (31) |
Bank overdrafts |  | (58) |  | (1,243) |  | (405) |
Interests on Notes and related expenses |  | (340) |  | (205) |  | (3) |
Interests on bank loans and related expenses |  | (418) |  | (125) |  | (63) |
NDF |  | (32) |  | - |  | - |
Total payment of interest and related expenses |  | (848) |  | (1,573) |  | (471) |
Schedule of breakdown of dividends paid by company |
|  | Years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Núcleo to ABC Telecomunicaciones |  | (38) |  | - |  | (45) |
Telecom Argentina |  | (4,151) |  | (2,000) |  | (804) |
Dividends advance declared by Sofora and paid by Telecom in December 2017 |  | (3) |  | - |  | - |
|  | (4,192) |  | (2,000) |  | (849) |
Schedule of additional information required by IAS 7 |
|  | Balances as of December 31, 2016 |  | Transfers |  | Cash Flows |  | Accrued interests |  | Exchange differences and currency translation adjustments |  | Balances as of December 31, 2017 |
Bank overdrafts |  | 1,707 |  | - |  | (1,572) |  | - |  | - |  | 135 |
Bank loans – principal |  | 7,401 |  | (1,092) |  | 882 |  | 11 |  | 992 |  | 8,194 |
Notes – principal |  | 2,650 |  | (57) |  | (566) |  | - |  | 131 |  | 2,158 |
NDF |  | 2 |  | - |  | (32) |  | 37 |  | 10 |  | 17 |
Accrued interests |  | 152 |  | 1,149 |  | (816) |  | 880 |  | 366 |  | 1,731 |
Total current financial debt (Note 12) |  | 11,912 |  | - |  | (a) (2,104) |  | 928 |  | 1,499 |  | 12,235 |
| (a) |  | Correspond to $1,730 of debt proceeds, $2,986 of principal payments and $848 of interest payments.
Nucleo |
Cash and cash equivalents and Investments. Additional information on the consolidated statements of cash flows |
Schedule of breakdown of dividends paid by company | Fiscal year 2017
Month of dividends payments |  | Dividends corresponding to Personal |  | Dividends corresponding to non- controlling shareholders |  | Total |
May 2017 (*) |  | 37 |  | 17 |  | 54 |
October 2017 (**) |  | 37 |  | 18 |  | 55 |
Total |  | 74 |  | 35 |  | 109 |
(*) As of the payment date, the amounts were 39 and 18, respectively. (**) As of the payment date, the amounts were 41 and 20, respectively. Fiscal year 2015
Month of dividends payment |  | Dividends corresponding to Personal |  | Dividends corresponding to non- controlling shareholders – ABC Telecomunicaciones |  | Total |
May 2015 (*) |  | 42 |  | 21 |  | 63 |
December 2015 (**) |  | 54 |  | 26 |  | 80 |
Total |  | 96 |  | 47 |  | 143 |
(*) As of the payment date, the amounts were 41 and 19, respectively. (**)As of the payment date, the amounts were 52 and 26, respectively.

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